3201 Flagler Avenue 512, Key West, FL 33040

$360,000

Property Type: Commercial Sale Baths: 1 Square Footage: 702 Lot Size (sq. ft.): 30,878 Status: Closed

Current Price: $360,000 List Date: 4/13/2026 Last Modified: 7/20/2026

Overview

Description

Introducing Flagler Center III, a reimagined mixed-use commercial property located in the Key West's New Town district. A strategic rebuild and redesigning of this site is in well on it's way led by Flagler Center III Condominium Association. The project is currently seeking approval for its major development plan, signaling a fresh start for 14 commercial units and the 14 residential units on this building. Location Highlights • Situated on Flagler Avenue, a major east-west artery in Key West • High visibility and traffic counts from both locals and tourists • Proximity to Poinciana Elementary, Key West High School, and residential neighborhoods • Easy access to U.S. Route 1 and Key West International Airport Property Features (Proposed) • Ground-floor retail and office suites • Upper-level residential • Modernized infrastructure and hurricane-resilient design • Ample parking and ADA-compliant access • Landscaped outdoor areas (pending approval ... (Read more)

Listing Details MLS# 616485

Location, Tax & Legal

Street #: 3201
Street Name: Flagler
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Flagler Center PH 3 (3)
County: Monroe
Area: 04 - Key West
KW Neighborhood: New Town
Unit #: 512
City: KEY WEST
Off Shore Island: No
Mile Marker: 3
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: AE
Alternate Key #: 8876084
Add'l Parcel #1: N/A
Parcel #: 00052870-000312
Add'l Parcel #2: N/A
Bldg Nbr: 3
Zoning: RO - Residential/Office
Legal: FLAGLER CENTER III, A CONDOMINIUM UNIT 512 & 3.5714% COMMON ELEMENTS OR1396-66
Taxes: 1288.6
Tax Year: 2024

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 30878
Waterfront: No
Business Name: N/A
Year Established: 2026-12-31
# Parking Spaces: 41
Off Street Parking: YES
# Stories: Yes
Building Ht. Ft.: 101
Total # Buildings: Yes
Building SqFt: 701.8
SqFt Source: Builder/Architect
Living Apx SqFt: 701.8
Total Units: 14
Year Built: 2026
Half Baths: Yes
Total Baths: Yes
Control Depth: 0

Status Change Info

Under Contract Date: 2026-07-20
Sold Date: 2026-07-20

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: Introducing Flagler Center III, a reimagined mixed-use commercial property located in the Key West's New Town district. A strategic rebuild and redesigning of this site is in well on it's way led by Flagler Center III Condominium Association. The project is currently seeking approval for its major development plan, signaling a fresh start for 14 commercial units and the 14 residential units on this building. Location Highlights • Situated on Flagler Avenue, a major east-west artery in Key West • High visibility and traffic counts from both locals and tourists • Proximity to Poinciana Elementary, Key West High School, and residential neighborhoods • Easy access to U.S. Route 1 and Key West International Airport Property Features (Proposed) • Ground-floor retail and office suites • Upper-level residential • Modernized infrastructure and hurricane-resilient design • Ample parking and ADA-compliant access • Landscaped outdoor areas (pending approval) Investment Potential • Ideal for medical offices, retail, professional services, or co-working. • Strong rental demand in Key West's limited commercial inventory • Perfect opportunity to customize the space to your specific needs

Type

Office Buildings: Yes
Professional Service: Yes
Retail: Yes
Shop/Strip Center: Yes
Other Services: Yes

Fee Includes

Building Insurance: Yes
Common Area Mnt: Yes

Dockage

None: Yes

Appliances

No Appliances: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Construction

CBS: Yes
Concrete: Yes
Frame: Yes

Land Size

None: Yes

Utilities

Buyer to Verify: Yes

Property Features

Type: Office Buildings; Professional Service; Retail; Shop/Strip Center; Other Services Waterfront: None Waterview: No Waterview Dockage: None Utilities: Buyer to Verify Appliances: No Appliances Construction: CBS; Concrete; Frame Land Size: None Fee Includes: Building Insurance; Common Area Mnt

Listing Office: Keller Williams Key West Compass Realty

Last Updated: July - 20 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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